Progressive (PGR) Free Cash Flow (2012 - 2026)
Progressive (PGR) posted quarterly Free Cash Flow of $4.3 billion for Q1 2026, down 15.34% YoY from $5.1 billion in Q1 2025, and up 41.16% sequentially from $3.0 billion in Q4 2025.
Progressive (PGR) Free Cash Flow (2012 - 2026) Analysis & Trends
Progressive has disclosed Free Cash Flow across 15 years of filings, most recently posting $4.3 billion for Q1 2026.
- In Q1 2026, Free Cash Flow fell 15.34% year-over-year to $4.3 billion; the TTM figure through Mar 2026 stood at $16.4 billion (up 4.37% YoY), while the FY2025 annual figure was $17.2 billion, up 15.95% from the prior year.
- Free Cash Flow grew to $4.3 billion in Q1 2026, from $3.0 billion in the prior quarter.
- Over the last five years, Free Cash Flow for PGR reached as high as $5.1 billion in Q3 2025 and fell as low as $882.8 million in Q4 2022.
- The 5-year median for Free Cash Flow is $3.0 billion (2025), against an average of $3.1 billion.
- Annual changes were most pronounced in 2022 — Free Cash Flow tumbled 41.74% — and 2023, when it surged 166.75%.
- A 5-year view of Free Cash Flow shows it stood at $882.8 million in 2022, then surged by 166.75% to $2.4 billion in 2023, then climbed by 23.06% to $2.9 billion in 2024, then gained by 5.21% to $3.0 billion in 2025, then surged by 41.16% to $4.3 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $4.3 billion, $3.0 billion, and $5.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | -31.35 Mn |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 4.30 Bn |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 3.95 Bn |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 654.00 Mn |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 2.19 Bn |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 3.52 Bn |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | -140.10 Mn |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | -132.00 Mn |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 210.51 Mn |
| 10 | Assurant | 13.63 Bn | 11.71 Bn | 2.01 Bn | 192.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.30 Bn |
| Mar 31, 2026 | 4.30 Bn |
| Dec 31, 2025 | 3.05 Bn |
| Dec 31, 2025 | 3.05 Bn |
| Sep 30, 2025 | 5.13 Bn |
| Sep 30, 2025 | 5.13 Bn |
| Jun 30, 2025 | 3.94 Bn |
| Jun 30, 2025 | 3.94 Bn |
| Mar 31, 2025 | 5.08 Bn |
| Mar 31, 2025 | 5.08 Bn |
| Dec 31, 2024 | 2.90 Bn |
| Dec 31, 2024 | 2.90 Bn |
| Sep 30, 2024 | 4.55 Bn |
| Sep 30, 2024 | 4.55 Bn |
| Jun 30, 2024 | 3.20 Bn |
| Jun 30, 2024 | 3.20 Bn |
| Mar 31, 2024 | 4.19 Bn |
| Mar 31, 2024 | 4.19 Bn |
| Dec 31, 2023 | 2.35 Bn |
| Dec 31, 2023 | 2.35 Bn |